Exton Global, on the surface, presents itself as a reputable company, offering traders the promise of substantial rewards in the world of finance. However, as with all such enticing promises, a prudent approach demands scrutiny. In this review, we will delve into what this broker has in store for traders, examining whether it lives up to its claims or falls into the realm of scams.
- Exton Global General Information
- Registration and Client Portal Review
- Exton Global Trading Conditions
- Account Types Review
- Trading Platform
- Exton Global — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Exton Global a Scam?
- Legal Information and License
- Extonglobal.capital Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Exton Global General Information
| Website | https://www.extonglobal.com/, https://www.extonglobal.io/, https://www.extonglobal.capital/ |
| Phone Number |
|
| support@extonglobal.net | |
| Address |
|
| License | — |
| Minimum Deposit | $250 |
| Assets | CFDs |
| Leverage | 1:200 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The official website boasts an impressive appearance. It’s available in multiple languages and, visually, is rather appealing. However, it does suffer from an excess of somewhat pointless trader images, especially on the homepage. Additionally, there are some content-related concerns. However, for now, let’s not dwell on those and focus our attention elsewhere.
Exton Global offers a straightforward account opening process. A brief registration form can be found on the homepage. All that’s required is to input your first and last name, email, and phone number, then create a password. At this stage, you’ll notice that security takes a back seat, as no verification checks will be conducted. You’re immediately granted access to your account, without the inclusion of two-factor authentication (2FA) for added security.
The user dashboard is notably minimalist and lacks many of the features found in more robust trading platforms. It adheres to a bare-bones design with only essential functionalities available. Traders can access their account balance, initiate basic trades, and make deposits or withdrawals. However, advanced tools, detailed market analysis, or educational resources are conspicuously absent. This no-frills approach might be appreciated by traders seeking a simple interface, but it offers little for those looking for in-depth analysis or additional functions and resources.
Exton Global Trading Conditions
Now, it’s time to examine its uniqueness in terms of trading conditions. We’re not entirely convinced that this broker has something substantial to offer traders.
Account Types Review
The brokerage firm appears to notably offer a single type of account, or, at the very least, we couldn’t find any descriptions of a diverse account lineup. What we do know is that the minimum starting deposit is $250. Additionally, the broker provides a leverage of 1:200, which is rather high, especially concerning regulatory standards and licensing. Regulatory bodies often disapprove of such high leverage levels. Furthermore, there’s a lack of information on specific spreads and commission rates on the website. It’s worth noting that Exton Global does not provide a demo account for traders. Contrary to the broker’s claims that you can trade a variety of assets, you are essentially limited to CFD contracts.
Trading Platform
The trading platforms are exclusively available within your personal account. If you attempt to download their platform, you’ll find yourself redirected to an error page, leaving you with access only to their web-based trading platform.
Now, concerning Exton Global web trader, it’s essential to highlight its rather underwhelming features. It falls on the side of minimalism, offering a limited selection of technical indicators. The interface is straightforward, but this simplicity comes at the cost of more advanced trading tools and features that experienced traders often rely on. In essence, it may leave traders wanting more in terms of functionality and analytical tools, especially when compared to the capabilities of some other brokers’ trading platforms.
Exton Global — Deposit and Withdrawal of Funds
Depositing and withdrawing funds can be executed through various methods, including electronic wallets, Skrill, Neteller, bank cards, bank transfers, and cryptocurrencies. However, it’s essential to note that within the client portal, you won’t find options for electronic wallets. Instead, the available methods are limited to bank cards, bank transfers, and cryptocurrencies.
Similarly, when it comes to withdrawals, the same options apply. However, it’s worth highlighting that there’s no clear indication of whether the broker imposes any fees or commissions for these transactions.
Verification
You’ll be required to upload several documents as part of their identity confirmation procedure. Once you’ve submitted your documents, the verification process generally follows these steps:
- You’ll upload your identification and other necessary documents directly through the platform.
- The submitted documents will be reviewed by the team. They will assess whether the documents meet their verification requirements.
- If your documents are approved, your account will be verified, and you’ll receive confirmation of your verification status. This typically grants you full access to the broker’s services.
It’s important to note that the specific details and requirements for verification may vary, and Exton Global may request additional documents or information if needed.
Additional Options
The company provides a range of additional services and promotional offerings to enhance the trading experience for its clients. These include:
- Welcome bonus. As a gesture of welcoming new clients, Exton Global offers a welcome bonus. This bonus can be a great way to kickstart your trading journey with additional funds.
- Loyalty program. For regular traders who continue to engage with the platform, there is a loyalty program. This program is designed to reward loyal clients and may include various incentives or benefits for those who consistently trade with the broker.
Is Exton Global a Scam?
It offers rather limited trading conditions, providing minimal information about itself. This lack of transparency raises concerns about the reliability of this broker. Now, let’s delve deeper into the company’s legal status to ensure everything is in order.
Legal Information and License
So, owners claim to have offices in the UK and Switzerland. However, there is no record of such a company in the registries of these countries, and they do not possess any local licenses. What’s even more intriguing is Exton Global’s assertion that it is licensed by the Market Securities Insurance Commission. This regulator is quite unfamiliar, and the list of entities it has supposedly licensed raises suspicions. Furthermore, the domain of this purported commission was created just a few months ago. It appears that a fake regulator is regulating a fake broker.
Extonglobal.capital Domain Info
In general, Exton Global itself doesn’t seem to have been around for long. We checked the domain registration for this project and found that it was registered on May 19, 2023. Judging by the reviews and feedback, it appears that this broker was launched even later. This further strengthens the evidence suggesting that it’s a scam.
This article has been updated. Please note that scammers are now operating on extonglobal.capital. It was registered only on June 01, 2024, and this is already their third domain.
Contacts Review
Managers provide contact options, including email and several phone numbers. However, it’s worth noting that there is no publicly available information about them on Google, which raises concerns about the broker’s credibility and history. Additionally, the lack of verifiable contact details further casts doubt on the legitimacy of the company. As for the mentioned offices, we suspect they might be as dubious as the broker itself.
Pros and Cons
- Multilingual website.
- Lack of regulation.
- Limited account information.
- High minimum deposit.
- Absence of demo account.
- Unclear trading conditions.
- Lack of transparency.
It appears to be a highly questionable brokerage with numerous red flags and signs of being a potential scam. The lack of regulation, limited transparency, and absence of critical account information raise significant concerns about the legitimacy and trustworthiness of this broker.
Frequently Asked Questions (FAQ)
It purports to offer a range of financial services, including trading in various assets. However, the lack of detailed and transparent information on its website makes it challenging to ascertain the full extent of its offerings.
According to the broker’s trading conditions, the minimum deposit required to start trading with it is $250.
No, it cannot be considered a safe or trustworthy organization. The lack of regulatory oversight, questionable claims about licensing, and limited transparency regarding its operations and trading conditions raise serious doubts about the safety of entrusting your money to this broker.
Can't withdraw money!
I deeply regret the decision that cost me over $2,000. I opened a trading account with Exton Global, thinking I could figure things out with the help of their managers’ advice, get assistance, and increase my investments. When things stopped working, I decided to withdraw the remaining $1,600, but it turns out it’s impossible to withdraw funds. After several attempts to contact support, I realized it’s a scam. These funds might not be my last, but how can you trust people after such an experience?
Real scammers!
Judging by all the signs, this place is inhabited by plain scammers. They have already been exposed and blacklisted online. Take a look at their website, its quality, history, their promises, and earnings guarantees. Who would guarantee you earnings from trading? Only scammers. Moreover, it seems their cash register is strictly one-way; there’s no provision for withdrawals. We are waiting for the FCA to blacklist them and block their website. Meanwhile, we advise you to steer clear.
Is there a license or not?
How can a broker or investment company operate without a license? The website doesn’t contain any information about documents, except for the standard risk disclaimer, user agreement, and privacy policy, which do not instill confidence in the company’s integrity. Where is the registration information? Where are the licenses? If they have listed a physical office address in Switzerland, then there should be at least a Swiss license for brokerage work – that’s a minimum requirement. It appears that the company has not taken any steps towards legal compliance, which means users are entirely unprotected. No one has verified the company’s ability to execute trades on the market, among other things. Dealing with such firms is extremely risky.
scam kompany
Zayn Erikson
hi
it’s impossible to withdraw funds. After several attempts to contact support, I realized it’s a scam. These funds might not be my last, but how can you trust people after such an experience?
there are 3 brokers. in the fake company..zeyn eriksson.alex eriksson and a girl..they use fake names too.
scam kompany
I have an account with ExtonGlobal. I have asked several times to withdraw money or close the account. This seems IMPOSSIBLE.
KEEP AWAY.
It’s a scam, scammers, they’ve taken €250 from my pocket. It’s a shame that who has this kind of scammer living on this planet. It’s a shame their location is unknown.
Scam indeed
You are right to point out that ExtonGlobal is a scam. You are literally bombarded with phone calls and messages in the beginning stages. Later on, when you want to withdraw money from your account, this seems at first difficult and later impossible.
I have tried to close my account and was given all sorts of silly explanations why this was not possible because of lack of volume or later even because I needed to pay for an insurance. In any securities business this is unheard of.
I asked to close my account several times and the first time on Oct 25th, Since then other trades have been initiated without my consent and against my wish.
I can get no satisfactory answer as to why this is. I was told this is a question of volume… and that a certain (unknown) trading volume needed to be attained in order to close an account.
Nowhere is this mentioned in their brochure (neither is the question of insurance).
So stay away from this, you’ll certainly be better off!
Miss
Real SCAM! Absolutely no way to withdraw your funds.
Exton global is not regulated by FCA and it is a real scam.
Worried it may be a scam
I deposited £250 approximately 2 months ago and so far have only been allowed to draw £110, my current balance is allegedly £715.
I am thinking of trying to pull as much of my money out, any thoughts or advice would be gratefully received.
Escroquerie internationale!!!
Exton Global prétend avoir une adresse en Suisse à Genève… J’habite à Genève et je vous confirme qu’il n’y sont pas établis! Cela est sûrement la même chose pour l’Angleterre… Donc après des début prometteurs impossible de retirer son argent… Pas inscrit à la FCA ni à la FINMA… Des Escrocs sans foi ni loi! À éviter absolument
Large-scale international FRAUD!
No license in England (FCA), no license in Switzerland (FINMA) Address in Switzerland not valid! I checked, I live in Geneva! And probably no London address… Don’t be as stupid as me! After a promising start, they always need more money, and your advisor is trained to harass you. Then it’s time to withdraw your money, and everything stops! Pure swindling…
froud
THis is a fake site and they have stolen alot of money:( They have delete theyr site now:(
"Dygtige" svindlere
Sælgerne var ved 1. kontakt meget ihærdige med at få de 249 EUR overført, umiddelbart efter var der kontakt, men den ophørte meget hurtigt efter deres forgæves forsøg på at overtale mig til at fortsætte, da jeg insisterede på at få mine penge refunderet.
Jeg fik en del forklaringer på hvorfor pengene ikke bare blev overført, men efter 1-2 uger kunne jeg ikke komme ind på deres handelsplatform ligesom de tidligere mailadresser ikke længere eksisterede – jeg antager, at jeg er blevet blokeret.
Hold jer langt væk fra ExtonGlobal
Money
You take my Money 66.000€ and now you still try to take money from Athen People’s what wrong with you all you are a ciminar in This plat form
Anonim
extonglobal are con artists and hackers I invested €23603at them and asked the cini to cost me €25,000 and they don’t want to pay me my money all sorts of reservations they have and they ask for more money they are con artists don’t trust them